Citigroup tops profit estimates as bank benefits from rising interest rates, shares surge 13%
$Citigroup(C)$
Impressive result
👍 Earnings per share: $2.19 vs $1.68 expected
👍 Revenue: $19.64 billion vs $18.22 billion expected
Despite Friday's stock gain, Citigroup remains the cheapest of the six biggest U.S. banks from a valuation perspective. The stock was down 27% in 2022, as of Thursday's close, when its shares hit a 52-week low.
Good time to nimble. It is a great company 😁
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